This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

This Week's ETF Winners & Losers

Exchange-traded funds tracking financial stocks were, once again, among the worst performers of the week amid heightened recessionary chatter and more hints that the sector's worries are far from over.

The Ultra Financials ProShares (UYG) ETF slid 8.6% for the week, the iShares Dow Jones U.S. Financial Services (IYG) fund lost 5.1%, and the Financial Select Sector SPDR (XLF) surrendered 4.7%.

The financial space -- which has been the crux of the market's travails over the past few months -- swallowed more poison earlier this week. The sector endured a confluence of dreary comments from former Federal Reserve chairmen Alan Greenspan and Paul Volcker and the International Monetary Fund as well as downbeat minutes from the Fed's last gathering in March. Further, Lehman Brothers (LEH) disclosed that, last quarter, it was forced to liquidate three deteriorating funds worth around $1 billion. The stock was off 9.5% for the week.

General Electric's (GE) bleak results Friday didn't help financials, either, as the corporate bellwether's woes were largely blamed on its financial-services operations. GE shares lost 14.7% over the past five sessions. Earlier in the week shipping services firm UPS (UPS), in another bad sign for the state of the economy, sliced its first-quarter outlook, and shares lost 4.7% for the week.

UPS also helped pull down the iShares Dow Jones Transportation Average (IYT), which has sunk 3.3% since Monday.

Bundled securities tracking retailers did poorly, as well, despite a guidance boost from Wal-Mart (WMT), the world's biggest retailer. The behemoth also reported a lower-than-expected same-store sales drop for March, and a number of other retailers posted big comps declines in that month.

Furthermore, the University of Michigan ended the week by posting miserable preliminary consumer-confidence numbers for April. The PowerShares Dynamic Retail (PMR) ETF slid 4.8% for the week, and the SPDR S&P Retail (XRT) fell 6.1%.

Among scarce winners were oil-and-energy ETFs. Earlier in the week, crude oil futures hit a new intraday high on the same day that crude stockpiles took a slide, and gas prices at the pump were breaking records, as well.

Over the past five sessions, United States Oil (USO), the PowerShares DB Oil (DBO) and the PowerShares DB Energy (DBE) funds climbed 4.2% or more.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs